Since the Second World War,the severity of the business cycle has lessened.

Name: Since the Second World War,the severity of the business cycle has lessened.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true. Governments and central banks have implemented macroeconomic policies such as fiscal and monetary policies to stabilize the economy, resulting in reduced severity of business cycles. Additionally, globalization and advances in technology have also contributed to a more stable business cycle.

Since the Second World War,the Severity of the Business Cycle